New York sues Polymarket for alleged illegal gambling and underage trading

New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit against Polymarket US (QCX LLC) on Thursday, accusing the prediction market of operating unlicensed gambling in the state. The suit claims Polymarket allows trading by users aged 18–20, violating New York’s minimum age requirement of 21 for sports betting. The state seeks to halt operations, forfeit gains, impose triple fines, and demand restitution. Polymarket vowed to continue operating in New York.